Update on Bitcoin
It's simple now, breaking $72,574.35 will create a break of structure which will lead us to new ATHs, but before that, a deviation beneath the previous day low (PDL) is expected.
The Previous Daily and Weekly High (PDH & PWH) is the first resistance to watch.
Lesson Time.
One big mistake people make is placing longs here and putting stop loss beneath or exactly at the Previous Daily Low. Smart Money will engineer liquidity below, thereby creating a deviation that will get you stopped out.
So, wait for a breakout above PDH & PWH for confirmation before engaging in any trade
Good luck Traders $BTC
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